Tuesday, April 12, 2011

Celebrate! Tax Freedom Day

Today is Tax Freedom Day! Today, Americans stopped working for the federal government and started working for themselves. Well, maybe not really working for themselves yet because they still have to work a few days more for state and local government, but still today is a day to celebrate.

Today's Tax Freedom day comes three days later than last year, but still a couple weeks earlier than Tax Freedom Day in 2006 and 2007 when it was April 24. Of Course, if we were paying for all the government we were getting, Tax Freedom Day would not arrive until June 21st. When you borrow 40% of every dollar you spend you can get a lot of stuff you haven't paid for and some of it is not even stuff you need or really want.

Taxes this year will cost Americans more than what they'll spend on food, shelter, and clothing combined.

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